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A change in how The Brink's Company accounts for its Malaysia operation will pull approximately $100 million from reported revenue and between $10 million and $15 million from Adjusted EBITDA over the next four quarters, the company disclosed in a Regulation FD filing with the Securities and Exchange Commission on Friday.
BCO shares trade on the New York Stock Exchange. The figures are preliminary, Brink's said, and subject to change once it completes its financial close and review procedures for the current quarter.
The Malaysia accounting shift The Brink's Company said a change in its involvement with the Malaysia business prompted the reclassification.
The unit will move from a consolidated subsidiary to an investment accounted for under a method other than consolidation, the filing shows.
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